Wednesday, March 16, 2011

ag watch 03-03 (update 3 - 03-16)

I had a position in RJA last week, and it did not move as soon as expected so I exited the position (very small profit) just as it was ready to make its move.  Another bus missed.  So RJA has had a nice move up and may have a bit more upside left, before a pullback (possibly starting next week).

Here is the current situation:

GL traders.  Do your own analysis.  You will notice I miss a lot of buses - the good thing about buses - there will be another along shortly.  lol

UPDATE - 03-09  RJA has been steadily falling all week.  By end of the week (if it continues) it will be in an area of interest (around $11).  This one is worth watching IMO.

Update 03-11  Took a closer look at RJA.  See some worrisome things (looks like a major top - double tops).  Next bottom projection is in early April.  So I would say AVOID being long for the next 3 weeks or so.  Here is the chart:

GL traders, do your own analysis

02-16 some infor for your consideration:

1 comment:

  1. 3-4 RJA looking toppy today, closed the opening gap up.